The 2023 data presents Switzerland as the leader in European basic pharmaceutical product turnover at 27.6 billion euros. Italy and Spain follow, with turnovers of 5.75 billion and 4.85 billion euros respectively. While Belgium's turnover surged by 57.06%, notable growth was also observed in the Netherlands and Greece, at 34.12% and 8.93% respectively. France and the Czech Republic showed declines of 13.33% and 0.37%.
Future trends to watch include:
- Emergence of Eastern European countries potentially gaining market share.
- Impact of regulatory changes in major pharmaceutical markets.
- Technological advancements in drug manufacturing affecting turnover dynamics.
Top countries in Basic Pharmaceutical Products Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 27,600 | 2023 | +6.02% | +7.45% | View data |
| 2 | 2 Italy | 5,750 | 2023 | +2.68% | +3.89% | View data |
| 3 | 3 Spain | 4,850 | 2023 | +3.5% | +3.74% | View data |
| 4 | 4 Austria | 2,720 | 2023 | +2.67% | +3.67% | View data |
| 5 | 5 Germany | 1,400 | 2023 | +0.22% | +5.76% | View data |
| 6 | 6 Greece | 1,080 | 2023 | +5.47% | +8.93% | View data |
| 7 | 7 Belgium | 1,030 | 2023 | +17.95% | +57.06% | View data |
| 8 | 8 Netherlands | 746.5 | 2023 | +20.75% | +34.12% | View data |
| 9 | 9 France | 426.8 | 2023 | -18.63% | -13.33% | View data |
| 10 | 10 Portugal | 320.7 | 2023 | +4.26% | +5.66% | View data |
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